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3500 Murvil Street

Decatur, TX 76234

$4,850,000

Ranch · 139.85 ac

Acres139.854 acres
Price per acre$34,679 / acre
WaterWell
Ag exemptionAgricultural
Road accessCity Street, County Road
TypeRanch

What it costs to own

Taxes$654 per year
MUDNone listed
HOANone listed
Price per acre$34,679
Exemptions notedAgricultural

Taxes shown reflect the current owner's exemptions and may change after purchase.

An agricultural exemption ends when the land sells — taxes will be reassessed. Verify with the county appraisal district.

About this home

Just Reduced — 140± Acres on the Edge of Decatur. A rare opportunity to own 140± acres with an active ag exemption, sitting just outside the Decatur city limits within the ETJ. Tracts of this size, quality, and proximity rarely come to market. The property enjoys easy access to FM 51, with over 1,900 feet of frontage on Murvil Street and no deed restrictions — leaving the door wide open for continued ag use, future development, or a generational family holding. Decatur Middle and High Schools are less than 1.5 miles away, strengthening long-term residential value.
Surface water is well distributed across the tract and anchored by a 1.5-acre pond, and the entire property lies outside the designated floodplain. Groundwater is plentiful in the area, with regional wells typically running 200–400 feet. Improvements include a well-kept ~2,700 sq ft single-story home, a small RV park, and infrastructure supporting an established cattle operation — turnkey functionality and immediate income from day one.
Land like this — exempt, unrestricted, watered, improved, and minutes from town — doesn't sit long. Buyer and buyer's agent to independently verify all property details.

The details

Lot featuresAcreage, Agricultural, Pasture, Tank/ Pond
Water sourceWell
SewerSeptic

RestrictionsNo Known Restriction(s)
EasementsPipeline, Utilities
Documents availableAerial Photo

Mineral rights aren't stated in this listing — verify with the title company before purchase.

Current useAgricultural, Cattle, Fishery, Hunting/Fishing, Livestock, Ranch, Recreational, Residential, See Remarks

ElementaryCarson
Middle schoolMccarroll
High schoolDecatur
DistrictDecatur ISD

MLS #21130984
Source
Price changeReduced by $430,000 · May 8, 2026
On the market259 days
CountyWise

Around this home

One moment…

Everyday life

Nearest groceryLowe's Market · 1.9 mi
Nearest parkKenny Renshaw Park · 0.9 mi

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Listing courtesy of Williams Trew Real Estate — Allen Crumley.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21130984. Information last updated August 27, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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